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POTENTIAL DEAL DETAILS
| Stock | Mattel, Inc. | Symbol | MAT |
| Date Announced | 07/22/2024 | Source | Reuters |
| Type | News Report |
According to Reuters, L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel (MAT), the toy maker behind Barbie and Hot Wheels, with an acquisition offer.
The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro (HAS), which has become aware of L Catterton’s approach and is discussing whether it should also submit an offer.
Mattel, Inc. Investor Relations
Update(s):
July 22, 2024: Mattel (MAT) in an emailed statement to Bloomberg said they do not comment on speculation. “We are very confident in Mattel’s strategy and our ability to create long-term shareholder value as a standalone company.”
“Mattel is not in any deal talks, and has not been approached,” said a Yahoo Finance reporter in a post on X.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.